I have only one question regarding the Walletmor implant, and it’s a simple one:
Is it a conversion?
It’s not just curiosity. It matters for the following reason:
Given that Amal has explained quite clearly how EMV wants nothing to do with implants, have very strict rules that applicants must follow to be allowed onto their network, and will revoke access to the network to those who try to subvert those rules in a hearbeat, Walletmor must logically fall in one of the following four categories:
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They sell converted chips: they bought a bunch of different third-party contactless payment tokens, found out which had a chip compatible with the narrow Flex antenna, and uses those to create “perfect” conversions. Or rather, Amal did and does on their behalf.
That would be the best realistic scenario: not much EMV can do about it, provided the maker of the original payment token isn’t aware of what’s going on with their tokens and doesn’t consent explicitely to the conversion, lest they themselves get striken off the EMV network.
With one caveat however: when Amal converts a payment token, he sells a service. When Walletmor sells a converted chip, they sell a product. I can very well see EMV buy one, see who it belongs to, and tell that company to never sell a single payment token to Walletmor ever again or else. Walletmor runs out of chips to convert, goes tits ups, and the implantees are left with no customer support.
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They somehow found a way to get EMV to allow them on their network, but they’re selling implants without telling them, hush-hush-like. That’s the worst case scenario: EMV will soon find out and strike them off the network, and all their existing customers with them. Not good.
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They found a loophole in Polish law that lets them force EMV to allow them on the network in full knowledge of what they sells. That’d be good in the short term, but not a very healthy business model: they’d essentially be flipping a huge bird at EMV, which no doubt would look at plugging the loophole any way possible as soon as possible. Since EMV probably has the meant to buy as many Polish powers-that-be as they want, it’d only be a matter of time before Walletmor’s business model collapses.
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Walletmor managed to convince EMV to allow implants on the network: I highly doubt it. Amal’s tried it for years unsuccessfully, and is still trying as far as I know.
So which is it?
I’m tempted to get their payment chip when it comes out. I’ve come to realize the narrow Flex format is a good compromise for a chip with a 3 or 4 year expiry period: it’s not too complicated or painful to install or remove, so I’m coming around to that concept.
But I sure ain’t implanting it if Walletmor’s business model is dodgy and puts my ability to use my Walletmor implant or get support from Walletmor in jeopardy. The above reflexion is cause for concern.